Kenya’s Ndung’u: long term financing key to housing sector growth
Njuguna Ndung'u, the governor of the Central Bank of Kenya, on Wednesday outlined several provisions in a government bill that will provide greater access to long term funding to boost the country's housing sector.
Ndung'u said long-term financing was one of the key drivers of economic growth but that access to housing was restricted due to a lack of long term financing, with most deposits being of a "short term nature". He estimated annual demand for housing units at about 150,000, while supply
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